For Sale

RETAIL STRIP MALL (Commercial component of the building)
• Fully occupied with thirteen strong, quality individual and escalating tenancies.
• This 14,043 sq. ft. property fronts Westwood Street, Port Coquitlam. Built in 1991 and rain screened in 2005.
• The subject property is the street retail component of a commercial/residential mix. The Commercial component is 100%concrete structure.
• Fourteen individual demisable units, all separately metered (hydro) HVAC, hot water, all front & rear secure access.
• Thirty four parking stalls along the front of the building and seven at rear (secured).
• The subject property is a 4.09% cap rate.
• Borders Coquitlam, located 2 blocks from Coquitlam Centre Mall, the new Evergreen Line sky train station and nearby West Coast Express.
• Please do not disturb the Tenants.
• Call listing agent for additional information.
• It will be a term for the sale that the Buyer is to assume an existing mortgage on the subject property.
The following are the terms of the mortgage:
$1,349,205.70 (principal outstanding as of 10/01/17)
3.14% interest
$10,115.42 P&I monthly payment
5 year term maturing June 1, 2022
CONTACT LISTING AGENT FOR ADDITIONAL INFORMATION
JOHN DI TOSTO 604-961-1847 Cell